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6 Aug 2025

Financial Reporting

Enhancing the Reporting of Uncertainties in Financial Statements

On 24 July 2025, the IFRS Foundation released near-final illustrative examples aimed at improving the reporting of uncertainties in the financial statements. These examples guide companies on using IFRS standards to enhance their disclosures regarding uncertainties. Importantly, these illustrations do not change the existing IFRS requirements; instead, they provide insights for better reporting practices.